All six multimillionaires bankrolled a ballot proposition in this year's election. But voters approved the ones backed by Steyer, a financier in San Francisco, and Kelly, a former Facebook executive; the rest effectively flushed their money down a rathole.

SACRAMENTO -- Voters rejected Proposition 33, a measure that would have allowed car insurers to offer discounts to drivers who maintain continuous coverage and raise rates on those who do not have a consistent history of coverage.